Nordic Mining Balance Sheet Health
Financial Health criteria checks 1/6
Nordic Mining has a total shareholder equity of NOK1.5B and total debt of NOK1.5B, which brings its debt-to-equity ratio to 104%. Its total assets and total liabilities are NOK3.4B and NOK1.9B respectively.
Key information
104.0%
Debt to equity ratio
kr1.55b
Debt
| Interest coverage ratio | n/a |
| Cash | kr551.96m |
| Equity | kr1.49b |
| Total liabilities | kr1.89b |
| Total assets | kr3.38b |
Recent financial health updates
Does Nordic Mining (OB:NOM) Have A Healthy Balance Sheet?
Dec 05
Is Nordic Mining (OB:NOM) Using Debt Sensibly?
Jul 06We're Hopeful That Nordic Mining (OB:NOM) Will Use Its Cash Wisely
May 12Is Nordic Mining (OB:NOM) In A Good Position To Invest In Growth?
Jan 11Recent updates
Does Nordic Mining (OB:NOM) Have A Healthy Balance Sheet?
Dec 05Is Nordic Mining (OB:NOM) Using Debt Sensibly?
Jul 06Nordic Mining's (OB:NOM) Earnings Are Built On Soft Foundations
Nov 16We're Hopeful That Nordic Mining (OB:NOM) Will Use Its Cash Wisely
May 12Is Nordic Mining (OB:NOM) In A Good Position To Invest In Growth?
Jan 11Financial Position Analysis
Short Term Liabilities: NOM's short term assets (NOK1.5B) exceed its short term liabilities (NOK344.8M).
Long Term Liabilities: NOM's short term assets (NOK1.5B) do not cover its long term liabilities (NOK1.5B).
Debt to Equity History and Analysis
Debt Level: NOM's net debt to equity ratio (66.9%) is considered high.
Reducing Debt: NOM's debt to equity ratio has increased from 0% to 104% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NOM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NOM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 57.2% each year